Latest Commercial and Apartment Sales

 Penrose commercial property & 3 apartments sell under hammer at Barfoots
3 light industrial properties on Porana Rd, in the Wairau Valley, were sold under the hammer at Colliers’ auction today.
A fourth lot, covering about half the total area, and 2 unrelated properties were passed in.
The whole site at 49-57 Porana Rd has 5 freehold titles with a total land area of 6373m² and was offered at auction in 4 lots.
Wairau Valley, 53 Porana Rd, sold for $796,000 at 6.4% yield, sales agents Euan Stratton & Elliott Molesworth
55 Porana Rd, sold for $750,000 at 6.9% yield, Euan Stratton & Elliott Molesworth
49 Porana Rd, sold for $1.075 million at 9.3% yield, Euan Stratton & Elliott Molesworth
51-57 Porana Rd, 3166m² on 2 freehold titles, passed in at $1.23 million, Euan Stratton & Elliott Molesworth
Mairangi Bay, 11 Orbit Drive, unit 2, passed in, Matt Prentice & Brad Visser
Albany, 38 Library Lane, 809m² site, passed in, Brad Visser & Ryan de Zwart
Barfoot & Thompson sold one commercial property & 3 apartments but got no bids on 2 other commercial properties at auction today.
Commercial:
CBD, 192 Victoria St West, unit 5, no bid, Reese Barragar

(Bob Dey)
CBD, 50 Cook St, no bid, Marie-Anne Molloy
Penrose, 1 Maurice Rd, sold for $784,000, Ben Johnson & Grant Hargrave
Apartments:
Remuera, 29 Green Lane East, passed in at $600,000, Stanley Armon
Mission Bay, 14 Marau Crescent, unit 4, sold for $410,000, Barry Saxon
Wiltshire, Victoria St West, unit 3A, sold for $370,500, Johnson Chen & Richard Han
85 Wakefield St, unit 704, sold for $267,000, Wendy Feng

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